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New Mountain Capital and Ciox Health are to acquire ArroHealth, a provider of chart retrieval and risk adjustment services for health plans and provider groups.
The companies said the merger will strengthen Ciox’s ability to deliver workflow-driven processes and technology to facilitate the management and exchange of protected health information.
“This combination will enable us to offer our clients even broader access, greater levels of service, and enhanced workflow integration so that they are able to achieve operational improvements, exceed business objectives, and improve patient outcomes,” said Ed Coleman, chief executive officer of Ciox Health.
“ArroHealth has an excellent reputation for innovation and client-focused leadership, and we are thrilled to bring them into the Ciox family.”
Glen Moller, chief executive officer of ArroHealth, added: “We are excited for this exceptional opportunity to join with Ciox Health. It is an ideal organization and culture for our team to continue their pursuit of client success.
“We look forward to adding value to Ciox Health’s managed record retrieval solutions, and also offering enhanced capabilities to each company’s client base. I am delighted to play a role in bringing these two great companies together.”
Matt Holt, managing director at New Mountain Capital and chairman of Ciox Health, added: “The acquisition of ArroHealth is a key step towards advancing the leading platform for two-sided, technology-enabled clinical data exchange in the US.
“New Mountain is committed to the Company’s goal of improving interoperability to help all healthcare constituents compliantly access and derive valuable insights from clinical data.”
New Mountain Capital, Ciox Health, ArroHealth, Health, Risks, US
